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Investment Board reconstituted,
heads of 12 industry groups present

August 16, 2023


Earningmoneyonlinementor


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ISLAMABAD: The
Government of Pakistan has issued notification F No. 14(19) 2017 PP under
Section 3 of the Board of Investment Amendment Act, 2023, through which the
Board of Investment has been reconstituted. After this restructuring, the Board
of Investment will have 12 official members and 13 private sector members have
been included. Under the Board of Investment Act 6(1), the term of the members
of 13 private sectors has been kept for two years and they can be reappointed
after the completion of the two-year term. Copies of the notification signed by
Director General Board of Investment Zulfiqar Ali have also been sent to
secretary to president, secretary to prime minister, secretary cabinet
division, all federal secretaries and additional secretaries in charge,
gilgit-baltistan and chief secretaries of the four provinces. According to the
notification, after the restructuring, the President of the Board of Investment
will be the Prime Minister of Pakistan, while the Minister of Finance, Revenue,
Minister of Board of Investment, Minister of Commerce, Foreign Minister,
Minister of Industry and Production, Minister of Energy, Minister of
Information Technology and Telecommunication Commission, Governor State Bank of
Pakistan, Chairman Federal Board of Revenue, Chairman Board of Investment,
Secretary Board of Investment will be official members of the Board of
Investment after restructuring. These are the names and companies chosen.
Faisal Jawad Director Dean Group, Imran Masood Executive Director Integrators
Limited, Asad Saleem Rehman Director Saleem Group, Khalid Mahmood CEO Getz
Pharma, Syed Muhammad Talib Rizvi Executive Director Banking and Fintech,
Muhammad Yawar Irfan Khan Chairman Irfan Group, Chaudhry Zulfiqar Anjum
Chairman SM Group, Engineer Haris Naeem Chief Executive Officer HTMA, Syed
Hasnain Ibrahim Kazmi Advocate Supreme Court of Pakistan, Malik Muhammad Owais
Khalid of Owais Khalid and Associates Ates, Ms. Ayla Majeed, Chief Executive
Officer Planito, Ayab Ahmed Consultant PR, Syed Qasim Naveed Qamar Special
Assistant to Chief Minister Sindh on Investment and PPP Projects.
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